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- Dacian Gold (DCN) places its shares in a trading halt pending a capital raising and material corporate transaction
- The company will remain in the halt until Wednesday, July 6, or when an announcement with further details is released, whichever occurs first
- On June 30, Dacian Gold received further results from the Heffernans open pit within the Jupiter mining complex in Western Australia
- Up to 6.2g/t gold was intersected and the company said the results confirm the potential for mineralisation of significant width and scale at depth and along strike
- Shares in Dacian Gold last traded at 9.2 cents on July 1
Dacian Gold (DCN) has placed its shares in a trading halt pending a capital raising and material corporate transaction.
The company will remain in the halt until Wednesday, July 6, or when an announcement with further details is released, whichever occurs first.
Dacian Gold is yet to disclose how much it intends to raise under the capital raising or any details regarding the transaction.
On June 30, Dacian Gold received further results from the Heffernans open pit within the Jupiter mining complex in Western Australia.
Significant results included 81 metres at 1.3g/t gold from 92 metres including seven metres at 6.2g/t gold from 92 metres, and 73 metres at 3.2g/t gold from 124 metres including 28 metres at 4.6g/t gold from 169 metres.
Dacian Gold said the results confirm the potential for mineralisation of significant width and scale at depth and along strike.
Drilling at Jupiter is continuing with an aim to test the potential for bulk mineralisation across the full strike extent.
Shares in Dacian Gold last traded at 9.2 cents on July 1. The company has a $99.82 million market cap.
